Common questions relating to Quorn Lease Extensions

  • My OH agreed with the landlord for a lease extension on our flat in Quorn, 20.5k for an extension by 90yrs. How long is the process ?
  • I am looking for a in Quorn and they should be on the Barclays Direct approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend any please ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am a FTB of a leasehold flat in Quorn. The lease has just 71 years remaining and ground rent is £25. Is it possible for the owner to serve the Section 42 Notice and then assign this right to me as the purchaser on the day of completion so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? Unfortunately it’s the case of an missing landlord, so I am not sure how this will play out.
  • I am looking for advice as I am interested in a property that has only a 76 year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
  • I'm living at mum and dad but have a one bedroom apartment in Quorn let out which has a seventy seven year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Quorn for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Quorn. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the garden area.
  • I have a freehold of a three bedroom flat in Quorn. The leaseholders have sixety eight years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • I am planning on refinancing my garden flat in Quorn and the mortgage company that I am looking to switch to requires at least 80 years on the leasehold of my property in order for them to progress matters. We currently have around seventy two years on the leasehold so looking for some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • I have a lease of 76 years remaining on my flat in Quorn. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Quorn